Markit Manufacturing Index in U.S. Increases to 57.3 From 56.4

The Markit Economics index of U.S. manufacturing increased to 57.3 in June, the highest in more than four years, from 56.4 a month earlier, the London-based group said today.

Readings exceeding 50 in the purchasing managers’ gauge indicate expansion. The median forecast in a Bloomberg survey of economists was 57.5, with estimates ranging from 57 to 57.7. The preliminary reading was 57.5.